Great West Life Assurance Co. Can bought a new position in shares of Yamana Gold Inc. (NYSE:AUY – Get Rating) (TSE:YRI) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 236,573 shares of the basic materials company's stock, valued at approximately $1,069,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Monaco Asset Management SAM grew its position in shares of Yamana Gold by 13.9% during the 3rd quarter. Monaco Asset Management SAM now owns 1,900,000 shares of the basic materials company's stock worth $8,607,000 after purchasing an additional 232,000 shares in the last quarter. Fractal Investments LLC grew its position in shares of Yamana Gold by 100.0% during the 3rd quarter. Fractal Investments LLC now owns 24,200 shares of the basic materials company's stock worth $110,000 after purchasing an additional 12,100 shares in the last quarter. Wipfli Financial Advisors LLC acquired a new stake in shares of Yamana Gold during the 3rd quarter worth approximately $34,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Yamana Gold during the 3rd quarter worth approximately $46,000. Finally, Nordea Investment Management AB boosted its position in shares of Yamana Gold by 18.9% during the 3rd quarter. Nordea Investment Management AB now owns 1,765,911 shares of the basic materials company's stock worth $7,973,000 after acquiring an additional 280,654 shares in the last quarter. Institutional investors and hedge funds own 58.93% of the company's stock.
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Analysts Set New Price Targets
Several analysts recently issued reports on AUY shares. TD Securities reduced their price target on shares of Yamana Gold from $7.00 to $6.00 in a research report on Monday, October 31st. National Bank Financial increased their price target on shares of Yamana Gold from C$7.10 to C$8.05 in a research report on Friday, January 13th. StockNews.com initiated coverage on shares of Yamana Gold in a research report on Wednesday, October 12th. They set a "hold" rating on the stock. Finally, Raymond James increased their price objective on shares of Yamana Gold from $5.00 to $5.50 and gave the company an "outperform" rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $68.20.
Yamana Gold Price Performance
Shares of NYSE:AUY opened at $6.03 on Wednesday. The firm has a 50 day simple moving average of $5.73 and a 200 day simple moving average of $5.04. The company has a market cap of $5.79 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 3.71 and a beta of 1.20. Yamana Gold Inc. has a one year low of $3.88 and a one year high of $6.40. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.98 and a quick ratio of 1.52.
Yamana Gold Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Friday, December 30th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend was Thursday, December 29th. Yamana Gold's payout ratio is currently 46.16%.
Yamana Gold Profile
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Yamana Gold, Inc engages in the production of gold, silver and copper. It operates through the following segments: El Peñón, Canadian Malartic, Jacobina, Minera Florida, Cerro Moro, Other Mines, and Corporate and Other. The company was founded by Peter Marrone on March 17, 1994 and is headquartered in Toronto, Canada.
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